1711 12th Ave | Seattle, WA 98122
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- LoopNet Team
1711 12th Ave
Seattle, WA 98122
1711 Apartments · Multifamily Property For Sale
·
37 Units
INVESTMENT HIGHLIGHTS
- Two Blocks from light rail station
- Built in 2014 with energy efficient construction
- 4.87% Pro Forma Cap Rate (4.3% actual)
- 98% average occupancy
- proximity to Seattle's major employers, Amazon, Facebook, Google, Starbucks, University of Washington
- Great 1031 Exchange Opportunity
PROPERTY FACTS
| No. Units | 37 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 18,672 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2014 |
| Zoning | NC3-75 (M1) | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 18,672 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 2014 |
| Zoning | NC3-75 (M1) |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Stainless Steel Appliances
- Views
SITE AMENITIES
- Controlled Access
- Gated
- Grill
- Pet Play Area
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | $1,900 | 440 - 547 |
| Studios | 6 | $1,750 | 400 - 425 |
| 1+2 | 7 | $2,400 | 612 - 779 |
PROPERTY TAXES
| Parcel Number | 600350-0699 | Improvements Assessment | $6,759,500 |
| Land Assessment | $3,811,500 | Total Assessment | $10,571,000 |
PROPERTY TAXES
Parcel Number
600350-0699
Land Assessment
$3,811,500
Improvements Assessment
$6,759,500
Total Assessment
$10,571,000
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